Surgical needle holders are pieces of surgical equipment that keep the needle in place when surgeons or clinicians suture and execute procedures.
The global Surgical Needle Holders market worth USD5.12billion by 2028, growing at a CAGR of 6%
Covid-19 Impact & Market Status
COVID-19 has had a considerable and favourable impact on the market. As a result of the pandemic, medication discovery and research and development activities have increased all around the world.
Increased financing for operations related to COVID vaccine development had a direct impact on the increase in demand for needles. Furthermore, the market's expansion was fueled by an increase in the rate of hospitalisation. Not only that, but due to the growing number of hospitals and other healthcare facilities around the world, needles have a bright future.
The consequences of a pandemic and recovery scenarios for Surgical Needles are presented in this study for the projected period of 2029. As businesses reorganize their resources to work under the pandemic's limits, the study describes three market recovery scenarios: Low Growth, Reference Case, and High Growth.
In the cases, supply chain disruptions, customer confidence, economic impact, and general industry recovery issues are all taken into account. The COVID-19 pandemic slowed market growth in 2020, mainly to medical equipment supply shortages caused by temporary lockdowns of manufacturing locations in COVID-19-affected countries and travel restrictions that hampered shipments.
The COVID-19 pandemic slowed market growth in 2020, mainly to medical equipment supply shortages caused by temporary lockdowns of manufacturing locations in COVID-19-affected countries and travel restrictions that hampered shipments. The number of surgical treatments put on hold will progressively climb as the global economy recovers, resulting in market growth in the first quarter of 2021.
The market is projected to be stifled by a rise in the incidence of suture needle injuries. Many healthcare professionals, particularly at super-specialized hospitals and tertiary care institutions, have begun to use surgical staplers for suturing, which may act as an additional restraint and lower demand for suture needles.
The safety needles segment is accounted for the highest market share
The worldwide needles market can be divided into two types: conventional needles and safety needles. Because of rising awareness about the usage of safety syringes and the desire to prevent needle stick injuries, the global safety needles market is predicted to rise at a faster CAGR from 2022 to 2029.
The biggest market share is held by the Pen Needles section.
In 2021, the needles market is likely to be dominated by the Pen Needles segment. With the rising prevalence of diabetes, pen needle demand is likely to rise. In 2013, over 415 million individuals globally had diabetes; by 2040, this number is predicted to rise to 642 million. During the projected period, demand for pen needles is predicted to grow due to the rising prevalence of diabetes around the world.
The hospitals segment is accounted for the highest market share
In 2021, hospitals are predicted to account for the greatest portion of the needles market. The expansion of the healthcare industry in emerging economies, as well as rising out-of-pocket healthcare expenditures around the world, is driving this segment's market growth.
The Asia Pacific region is accounted for the highest market share
Market participants can take advantage of high-growth possibilities in emerging Asian countries. As of 2017, the Asia-Pacific needles market is influenced by favourable regulatory regulations for the approval of novel injectables and high growth in the geriatric population.
The Castroviejo needle holder is extensively used in eye surgery and microsurgery as a surgical needle holder.
From 2022 to 2029, the global suture needles market is predicted to rise at a CAGR of 5.2 percent, from USD 14.75 million in 2022 to USD 14.75 million in 2029. Increased technological advancements driving increased use of surgical needle holders, demand for wound closure treatment, an increase in the incidence of accidents and trauma injuries, a rise in the need for surgeries to treat chronic cardiovascular disorders, and an increase in the number of outpatient surgeries are all driving the global surgical needle holders market.
However, a lack of qualified employees and high-cost devices are expected to stymie industry progress. In the near future, increased healthcare infrastructure and an increase in the number of procedures in emerging countries are likely to give significant prospects for growth. Injecting devices such as syringes and needles are sterile.
Syringes and needles are also used to separate other types of bodily fluids, such as tissues from inflammatory joints and blood from veins. A syringe is a cylinder made of glass or plastic with a plunger on one end and an aperture on the other that connects to a needle. Needles are hollow metal tubes with a sharp point on one end.
The worldwide market for syringes and needles is divided into segments based on medical applications. The therapeutic application section is divided into numerous types of syringes and needles that are used to provide medications and antibiotics to patients with a variety of medical disorders. Syringes and needles for hypodermic syringes and needles, blood collection, port access needles, and insulin syringes and needles are all included.
Surgical Needles is one of the industries with the greatest development potential until 2029. The study covers emerging market trends, market size outlook, potential opportunities, market share by Surgical Needles kinds, and applications. In addition, the analysis forecasts the size of the global Surgical Needles market by nation and examines the major players in the industry.
Sklar Surgical Instruments, Johnson & Johnson Services, Inc., Nordent Manufacturing, Inc., MedGyn Products, Inc., Medline Industries, Inc., KLS Martin Group, CareFusion Corporation, A. Schweickhardt GmbH & Co. KG, SOMATEX Medical Technologies GmbH, and Hu-Friedy are some of the major players in this market.
Latest Innovations in the Surgical Needle Holders Market: a Snapshot
- The ProxiSure Suturing Device, a complex laparoscopic suturing device that includes Ethicon endomechanical, suture, and curved needle technologies, was released in the United States in August 2017 by Ethicon, a subsidiary of Johnson & Johnson Medical Devices.
Surgical Needle Holders Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 14.75 million|
|Growth Rate||CAGR of 5.2% during 2021-2028|
|Segment Covered||Material, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Sklar Surgical Instruments, Johnson & Johnson Services, Inc., Nordent Manufacturing, Inc., MedGyn Products, Inc., Medline Industries, Inc., KLS Martin Group, CareFusion Corporation, A. Schweickhardt GmbH & Co. KG, SOMATEX Medical Technologies GmbH, and Hu-Friedy are some of the major players in this market.|
Key Segments of the Surgical Needle Holders Market
Material Overview, 2022-2029 (USD Million)
- Stainless Steel
Application Overview, 2022-2029 (USD Million)
- General & Microsurgical
Regional Overview, 2022-2029 (USD Million)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of South America
Middle East and South Africa